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You're trying to determine whether to expand your business by building a new manufacturing plant. The plant has an installation cost of $11.9 million, which

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You're trying to determine whether to expand your business by building a new manufacturing plant. The plant has an installation cost of $11.9 million, which will be depreciated straight-line to zero over its four-year life. If the plant has projected net income of $1,844,300,$1,897,600,$1,866,000, and $1,319,500 over these four years, respectively, what is the project's average accounting return (AAR)? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) You're trying to determine whether to expand your business by building a new manufacturing plant. The plant has an installation cost of $11.9 million, which will be depreciated straight-line to zero over its four-year life. If the plant has projected net income of $1,844,300,$1,897,600,$1,866,000, and $1,319,500 over these four years, respectively, what is the project's average accounting return (AAR)? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

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